Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 28, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenue from contracts with customers disaggregated by sales channel and by segment is as follows (in thousands):

	Segment	2019		2018
Supplies-driven channel	Office Furniture	$	891,997	$	904,292
Contract channel	Office Furniture	805,189		801,800
Hearth	Hearth Products	549,761		551,803
Net sales		$	2,246,947	$	2,257,895

Contract with Customer, Asset and Liability

Contract assets and contract liabilities were as follows (in thousands):

	December 28, 2019		December 29, 2018
Trade receivables (1)	$	278,124	$	259,075
Contract assets (current) (2)	$	857	$	529
Contract assets (long-term) (3)	$	2,700	$	2,188
Contract liabilities (4)	$	54,972	$	44,858

The index below indicates the line item in the Consolidated Balance Sheets where contract assets and contract liabilities are reported:

(1)     "Receivables"

(2)     "Prepaid expenses and other current assets"

(3)     "Other Assets"

(4)     "Accounts payable and accrued expenses"

Changes in contract asset and contract liability balances during the year ended December 28, 2019 were as follows (in thousands):

	Contract assets increase (decrease)			Contract liabilities (increase) decrease
Contract assets recognized	$	1,313		$	—
Reclassification of contract assets to contra-revenue	(473		)	—
Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied	—			(147,830		)
Contract liabilities paid	—			138,015
Cash received in advance and not recognized as revenue	—			(67,938		)
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied	—			67,639
Net change	$	840		$	(10,114	)

Changes in contract asset and contract liability balances during the year ended December 29, 2018 were as follows (in thousands):

	Contract assets increase (decrease)			Contract liabilities (increase) decrease
Contract assets recognized	$	2,100		$	—
Reclassification of contract assets to contra-revenue	(483		)	—
Contract asset impairment	(1,550		)	—
Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied	—			(127,454		)
Contract liabilities paid	—			132,909
Cash received in advance and not recognized as revenue	—			(54,167		)
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied	—			58,304
Impact of business combination	—			77
Net change	$	67		$	9,669